SaberhagenTheNameless on Nostr: 1. Counterpoint: No one is going to want to run a full node for a network that they ...
1. Counterpoint: No one is going to want to run a full node for a network that they can't afford to use. The more Bitcoin is used the more expensive it becomes to use.
2. Both are double edged swords. CPU mining also means it's more accessible to honest users and potentially more distributed. General purpose CPUs also mean more plausibly deniable that you're mining anything (less power, less heat, less noise, no one knows you're buying it to mine)
3. Your theory doesn't factor the rate/magnitude of adoption and technological advancements. Two other possible outcomes: Niche adoption so it ends up not mattering - not everyone is going to use Bitcoin/Monero (most likely outcome imo even for Bitcoin), or massive eventual adoption but at a pace where tech can handle it.
4. Only two pools are required to 51% attack your chain as well. A lot of hashpower is also concentrated on easily state coerceable/confiscatable mining farms. You guys are the largest project, but only have 21,000 nodes for 80-110million users. The ratios aren't very good. In comparison, look at Moneros size vs node count were not very far behind at 13,000 and were MUCH smaller. Both projects have a lot to work on.
1.
2. "Police raid a concealed #Bitcoin mining operation, initially mistaking it for an illegal marijuana farm due to the heat signature"
https://twitter.com/BitcoinNewsCom/status/1721359382745874489
3.
4. https://bitnodes.io/
https://monero.fail/map
2. Both are double edged swords. CPU mining also means it's more accessible to honest users and potentially more distributed. General purpose CPUs also mean more plausibly deniable that you're mining anything (less power, less heat, less noise, no one knows you're buying it to mine)
3. Your theory doesn't factor the rate/magnitude of adoption and technological advancements. Two other possible outcomes: Niche adoption so it ends up not mattering - not everyone is going to use Bitcoin/Monero (most likely outcome imo even for Bitcoin), or massive eventual adoption but at a pace where tech can handle it.
4. Only two pools are required to 51% attack your chain as well. A lot of hashpower is also concentrated on easily state coerceable/confiscatable mining farms. You guys are the largest project, but only have 21,000 nodes for 80-110million users. The ratios aren't very good. In comparison, look at Moneros size vs node count were not very far behind at 13,000 and were MUCH smaller. Both projects have a lot to work on.
1.
2. "Police raid a concealed #Bitcoin mining operation, initially mistaking it for an illegal marijuana farm due to the heat signature"
https://twitter.com/BitcoinNewsCom/status/1721359382745874489
3.
4. https://bitnodes.io/
https://monero.fail/map